An asset is the foundation of all economic activity. If you have assets, you can run a business and settle your debts. The ways to create assets are ‘how one works,’ ‘how to receive gifts from others,’ and ‘how to purchase assets made by others.’ There is a way to steal, but it is a crime. If you don’t initially own an asset, the simplest and almost the only way to create one is to produce something with your own labor. Whether the product is a service or a good, it must be produced unconditionally. Trading products creates added value. Thinking about trading later and making products first is the fastest and most basic way to escape poverty. Therefore, produce even the smallest things every day. Knowledge, records, art—whatever! - Joseph’s “just my thoughts”
My mother uses an old cell phone instead of a typical smartphone. My father passed away without ever owning a cell phone. Though they were my parents living in the same era as technology advanced, they struggled to learn how to use a computer. As a result, my parents felt increasingly out of touch. Existing in the same timeframe doesn’t guarantee that everyone experiences the same advancements in civilization. Although time progresses universally, its impact varies among individuals. This variance is shaped by our memories and cognitive perceptions. Thus, the saying, “You don’t miss your water till the well runs dry” remains relevant. - Joseph’s “just my thoughts”